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joining me now, senior economics writer or for "the wall street journal" steve moore. steve, thanks for making it in today. >> hi, jamie. we're having a white christmas in chicago. so it is a lot of fun. jamie: i know chicago, burr. the numbers are also pretty chilling for retailers who do what percentage of their business during the holiday season? >> you know, those months of november and december are absolutely crucial, jamie, for the retailers. about 40 to all their business all year is done in those two holiday months. so it's, not very good news that the retail numbers came in, you called them lackluster. and that's probably putting it charitiably. this was the worst year since 2008. it is actually, surprising, jamie, because if you look at some other indicators, consumer confidence had actually bumped up a little bit in the last couple months. we have, i wouldn't read too much into this because other indicators of the economy are looking up right now. jamie: so do you think it's an anomaly that it isn't going up? is it an indication if we go over the fiscal clif
joining me now, senior economics writer or for "the wall street journal" steve moore. steve, thanks for making it in today. >> hi, jamie. we're having a white christmas in chicago. so it is a lot of fun. jamie: i know chicago, burr. the numbers are also pretty chilling for retailers who do what percentage of their business during the holiday season? >> you know, those months of november and december are absolutely crucial, jamie, for the retailers. about 40 to all their...
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Dec 26, 2012
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to present the 2012 national book award for fiction is lori moore. lori moore is the author of three story collections and three novels, the most recent being "a gate at the stairs," a finalist for the orange prize. her fiction and nonfiction have appeared in the new yorker, "the new york times," the paris review, the yale review and elsewhere. she has been the recipient of the irish times' prize for international fiction, the rea award for the short story, the o'henry award and a landen fellowship. she was a member of the american academy of arts and letters, and it gives me great pleasure to introduce lori moore. [applause] ♪ ♪ >> the other members of this year's jury for the national book award in fiction are stacy, dinale and janet perry. [applause] why would these otherwise sane, reasonable and brilliant people consent to this chore? one where you make a thousand enemies and maybe only one friend, one where your front porch fills up with packages, and your neighbors think you have a terrible late night online shopping habit. [laughter] throu
to present the 2012 national book award for fiction is lori moore. lori moore is the author of three story collections and three novels, the most recent being "a gate at the stairs," a finalist for the orange prize. her fiction and nonfiction have appeared in the new yorker, "the new york times," the paris review, the yale review and elsewhere. she has been the recipient of the irish times' prize for international fiction, the rea award for the short story, the o'henry award...
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Dec 26, 2012
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steve moore is here with us. if the strike happens, some estimates say $1 billion per day hit to the economy. >> yeah, there's no question. if you -- you used the right word, cripple the economy. the ports in this country are the backbone of our trade, both export and imports and i've read estimates of $100 billion or more comes in and out. so it cook devastating, and reverberate throughout the economy. retailers, wholesalers. food distributors, everybody would be affected by the strike if it goes forward. >> exactly what do the unions want and what is management willing to do? how far apart are the two groups? >> it's interesting. they're not really -- normally in a wage dispute with the union,ettes it's about wages and benefits but in this case it's not. what the unions are objecting to, according to the media reports i've been seeing, is they object to new kinds of work rules and new kinds of efficiencies that the port systems want to put in place to make the ports more productive, lower costs. that's happenin
steve moore is here with us. if the strike happens, some estimates say $1 billion per day hit to the economy. >> yeah, there's no question. if you -- you used the right word, cripple the economy. the ports in this country are the backbone of our trade, both export and imports and i've read estimates of $100 billion or more comes in and out. so it cook devastating, and reverberate throughout the economy. retailers, wholesalers. food distributors, everybody would be affected by the strike...
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Dec 26, 2012
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demi moore and ashton kutcher are not officially divorced but both parties say they want a break from seven year hitch. tom cruise and katie homes said good by to strange love ending six year marriage in june. hollywood had its share of happily everafterrers. seven years and six years later brangelina announced they are finally ready to tie the knot. to the knob out done pitt's ex-wife jennifer aniston announced her engagement. the winner of "american idol" is philip phillips. bluesy philip phillips beat out jessica sanchez becoming season 11 "american idol." nicki minaj and keith urban. the two women stirring up drama as season 12 kicks off in january. the x factor adding new faces to the judge's channel. pop icon britney spears and demi low votto bringing their expertise to the table. >> kate stevens. >> hollywood's biggest night went silent. ♪ ♪ >> the best picture award going to the artist. the film alone grabbing five oscars including the win for best actor. meryl streep not only won the record for the most award nominations she took home yet another oscar for her betrayal as
demi moore and ashton kutcher are not officially divorced but both parties say they want a break from seven year hitch. tom cruise and katie homes said good by to strange love ending six year marriage in june. hollywood had its share of happily everafterrers. seven years and six years later brangelina announced they are finally ready to tie the knot. to the knob out done pitt's ex-wife jennifer aniston announced her engagement. the winner of "american idol" is philip phillips. bluesy...
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Dec 26, 2012
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it appears to be the reason that ashton kutcher is suddenly trying to speed up his divorce from demi moore. couple announced their split more than a year ago but have been trying to work out a deal. now he has filed divorce papers and wants it done by the end of the year, reportedly for tax reasons. he is tv's highest paid actor and has also invested in a number of startups. he's a rich guy. >>> the fiscal cliff affects even him. thank you. >>> financials have been on fire for most of 2012 but low interest rates and pretty tough regulation, those factors are still putting some profit margins under pressure. we take a look at what is in store for wall street in 2013. >> reporter: after a year's long identity crisis, 2013 will see a spate of bank makeovers. barclays will spin off its investment bank, bank of america will review options for merrill lynch. behind these walls, citigroup's ininvestment bank will shrink considerably, focusing on top traders and deal makers. if that deal market returns as well as valuations, citi could sell all of its crisis-tinged bad bank citi holdings. about th
it appears to be the reason that ashton kutcher is suddenly trying to speed up his divorce from demi moore. couple announced their split more than a year ago but have been trying to work out a deal. now he has filed divorce papers and wants it done by the end of the year, reportedly for tax reasons. he is tv's highest paid actor and has also invested in a number of startups. he's a rich guy. >>> the fiscal cliff affects even him. thank you. >>> financials have been on fire for...
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. >> i said, did you ever play moores? he said it was a little too fancy for me. not many people saying it's a little too fancy for me, but it is. it's sort of a links course. but speaking of fellow golfers, he's got a lot of friends. and these friends, they don't just sit idly by on weekends. >> no, boy bands. >> here's a little bubba. ♪ come around round one ♪ hit the top top ♪ you know what's the big woop ♪ when i play my game then i make my mama proud ♪ ♪ smash bang you've got to hit the ball far ♪ ♪ then the crowd goes whoo ♪ i want my birdies all day long ♪ ♪ let the bogeys go and say hey ♪ >> are you shocked, mika? >> those are nice overalls. >> that looked great. >> we were having fun out of there. by the way, i had to buy this. you got yours for free. we talked about this. joe dared me and i did it. yours is a little bit nicer. but you have a relaxed personality. you see that. i've heard a few urban legends about you. we heard the last four places you might want to have your meal, chipotle, inni in'n out burger, waffle house. >> i
. >> i said, did you ever play moores? he said it was a little too fancy for me. not many people saying it's a little too fancy for me, but it is. it's sort of a links course. but speaking of fellow golfers, he's got a lot of friends. and these friends, they don't just sit idly by on weekends. >> no, boy bands. >> here's a little bubba. ♪ come around round one ♪ hit the top top ♪ you know what's the big woop ♪ when i play my game then i make my mama proud ♪ ♪ smash...